Record the following events and transactions for Leonard Company for the current year.
1. On January 2, Leonard purchased a patent for $35,000 with a remaining useful life of 10 years. Prepare the journal entry to amortize the patent at the end of the first year.
2. On January 3, Leonard made an advance payment on a leasehold of $840,000. The leasehold expires in 15 years. Prepare the journal entry to amortize the leasehold at the end of the first year.
3. On January 4, Leonard purchased a music distributor's collection of lyrics and songs for $1,425,000. The copyrights have a remaining life of another 30 years. Prepare the journal entry to amortize the copyright at the end of the first year.
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Which of the following statements concerning the formation of coalitions is not true?
A. Coalitions form all the time. B. Forming coalitions can magnify the number of actors at the table. C. All of these statements are true. D. Coalitions can make difficult conflict situations more manageable.
CNC, in the context of manufacturing flexibility, refers to?
a. Computer neutral complex machining b. Computer necessary controlled machines c. Computer numerically controlled machines d. Computer nailing control
The contribution per unit is
A. total revenue minus total cost. B. price minus total costs. C. price minus variable cost per unit. D. price minus total variable cost. E. break-even quantity divided by total fixed costs.
Suppliers can gain power from a number of sources in the buyer / supplier relationship. When a supplier values identification with a buyer, this is called a(n) ________ source of power
A) expert B) reward C) referent D) legal